Rakuten Has Begun To Accept Orders for US Stock Margin Trading

On Monday, the first transaction will be recorded.

Rakuten Group's revenue in the first quarter of FY22 was 437.1 billion yen.

Rakuten Securities, a large Japanese foreign exchange broker, said on Saturday that it would begin taking orders for US stocks.

The first transaction, however, will be logged on Monday within US local trading hours, according to the FX broker.

Rakuten, which just received clearance to go public, stated this in a statement on its website on Friday.

To engage in US stock margin trading, however, traders must first create a foreign stock margin trading account.

“It is free to apply for and start a margin trading account.” “Applications will be accepted beginning Sunday, June 19th,” the Japanese company stated in a statement.

For US stock margin trading with a 50% deposit rate, material on the company's website states.

US dollars are the settlement currency and the stop-loss deposit rate of 10%.

If you'd want to buy and sell the same stock many times on the same day, you may, the broker said.

Ratuken plans a promotion for all of its clients to commemorate the launch of US stock margin trading on its platform.

There will be no transaction fees for US stock margin trading during this time.

Customers who currently have a margin trading account for domestic equities will also be eligible to participate in the promotion, according to the business.

According to the broker, this segment of consumers becomes eligible after their margin trading account for US equities is created.

“We are now running a campaign in which 200 points are given away even if a margin trading account (domestic stocks, US equities) has been created.” “There is no need to enter,” Ratuken said.

Meanwhile, the Rakuten Group increased revenue by 11.7 percent in the first quarter (Q1) of the fiscal year 2022 (FY22).

Revenue for the Group was 437.1 billion yen. This is claimed to be the Group's highest level ever in the first quarter of a fiscal year.

Furthermore, with the introduction of Rakuten NFT, Rakuten has officially entered the booming non-fungible token (NFT) industry.

According to Finance Magnates, the newly developed platform allows for the purchase and sale of the rising asset class.

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Rakuten had a high rating on the WikiFX app, indicating that this broker provided reliable information about its operations and was regulated by ASIC, FSA, and SFX. (Licenses are listed below.) Visit the Rakuten dealer page.

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About Rakuten

Rakuten, headquartered in Tokyo, is a significant e-commerce and internet corporation. It has influenced the way people purchase online since its inception in 1997. It provides not just cashback but also a variety of discounts and incentives on a wide range of items and services.

Rakuten is both a browser extension and an app-based service. Their primary purpose is to assist clients in saving money on items they currently purchase.

That is why they have multiple modes of operation.

Furthermore, they provide you the choice of purchasing online or in-store to get rewards. It is up to you to choose the one that appeals to you the most.

However, while discussing Rakuten, the term eBates must be included. One of the most prominent cashback websites has been in operation since 1998.

Finally, Rakuten purchased eBates in 2014.

Rakuten, which means “optimism” in Japanese, formally replaced eBates in early 2019.

Nothing else has changed except for the new name and logo. Those who have an eBates account need not be concerned since Rakuten is the same thing as eBates.

You do not need to change anything or register a new account; everything will stay the same.

The sole (and most important) distinction is a larger program with more options. It is still one of the top money-making applications available.

Check out the statistics for people who are new to affiliate marketing. Too far, more than $1 billion in cash back has been earned by 12 million members in the United States.

In other words, the organization offers its consumers rewards ranging from 1% to 40% on nearly every purchase.

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